Show I t I CHART I CHART 2 5 UTAH STATE REVENUE UTAH STATE EXPENDITURES EXPENDITURES- FISCAL YEAR ENDED JUNE 30 1959 FISCAl FISCAL YEAR VEAR ENDED JUNE 30 1959 e 41 e 4 Go 1 1111 l 1 ti t rt 1 t t y GRANTS C 1 4 d t t StU Ald is t twe 1 41 t R 4 TOTAL r 1 1 1 TOTAL ft il t NN r x f yA dt S 5 t r St t il a 1007 ue si v TAX r b MOTOR TAX tn m i x lt is ata Reda t 1912 91 2972 is 1 Lame UCK THIS Jw u. u for tr tar olor lI out M M f flatin 1012 11 ere atom mas N i liquor 2 u. u W 1011 l nl I Iea f Sa- Sa is ac boW 1 a aIu 1421 b r P ti u ea t ad ad I.- I. 81 t hOO 2 JUl u. u mm tl 18 r M II 1 aw tree HU 1 1 a. a eoM ool t 1 t 5 I tow oni u aim U te rt U 1 s M Mi b hit t BO to t. Do 1959 t fro S r. r i 2 l e t t fn tre 1 lied e 1 l rn irto 1 j ui ed er U IMa to t. UM tile t. t la 2 ea PREPARED BY DY UTAH FOUNDATION FOUND TION PREPARED rJ ET lT W UT H Utah Follows National Trend p DI Spends More Than It Makes Utah state expenditures exceeded exceeded ex st state te revenue by nearl nearly y 69 million during the fiscal year ended June 30 1959 according accord 1 ing ng to a detailed study of state finances just released by Utah Uta h Foundation The Foun Foundation atlon report shows that during the 1959 fiscal year state expenditures in Utah totaled totaled totaled to to- 1653 million compared with state revenue of 1585 million State expenditures Increased Increased Increased In In- creased million or per cent between 1958 and 1959 State revenue in Utah rose million or per cent during the same period Foundation analysts point out that a large part of the state expenditure rise between 1953 and 1959 was the result of increased in increased In- In creased highway spending under under un un- der the of the Federal aid highway program Utah 1 highway expenditures rose from million in 1958 to t million in 1959 a million c or 65 per Increase Despite the substantial rise s sIn in highway spending during 1959 education still ranks aa as the number one expenditure j function in Utah according to i the Foundation study In the 1959 fiscal year Utah spent 3 million or per cent r of total expenditures for education edu v cation catlon colleges state aid for j public schools vocational schools s and other education If local f funds spent for education are Included the total amount spent f for Cor public education In Utah i exceeded million in fiscal 1959 An Increasing proportion of Utah's state expenditures Is beIng being be be- ing devoted to capital outlay purposes the report notes In fiscal 1959 Utah spent million or per cent of the States State's total expenditures for capital outlay The proportion of total expenditures going for or capital outlay was per cent in 1958 and per cent In 1950 During the year ten-year perIod period per per- iod led 1950 through 1959 the State spent nearly million on capital outlay Foundation analysts point out that it is difficult If not Impossible Impossible impossible Im im- possible to fix responsibility for changes in state expenditure levels le le- levels levels le- le vels in Utah Federal aid the operation of statutory expenditure expenditure expendi expendi- ture lure formulas and the widespread widespread wide wide- spread pread practice of of earmarking state funds for specific activities activities active often orten result in automatic increases in expenditure pro pro- grams The report observes that while white Utah's state financial picture is not quite as IlI bright as it was Wag a year or two ago it still Is excellent excellent ex- ex ex x especially when compared compared compared com com- pared with other states Several states in the nation suffered ft fi fi financial crises during the early eary part of this year with major upward tax revisions occurring in many states Furthermore Utah is one of often often often ten states without general bonded bonded bond bond- ed cd Indebtedness The Utah Foun Foun- dation study notes however that the State Building Bon Board rd and the State Road Commission Commissio n have been authorized to borrow up to million from existIng existIng existing exist exist- ing state fund balances and reserves reserves reserves re re- serves to finance capital outlay projects By the end of the 1959 9 fiscal year 4 million had been borrowed from state fund bal bal- balances balances ances for the new new state office building The Foundation study shows that the 69 million deficit for fiscal 1959 W was S met by using fund balances and surpluses that have accumulated during prior years Foundation analysts ex ex- that these balances and surpluses surpluses sur sur- pluses will be further reduced I during the 61 1959 biennium because because be be- cause expenditure commitments are In excess of anticipated current current cur cw rent revenue receipts for the biennium |